Shares of Hain Celestial Group Inc (NASDAQ:HAIN) have earned an average recommendation of “Hold” from the twenty brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $32.36.
Several research firms recently commented on HAIN. Piper Jaffray Companies began coverage on Hain Celestial Group in a research note on Friday. They issued a “hold” rating and a $26.00 price objective for the company. ValuEngine raised Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 2nd. Jefferies Financial Group reissued a “buy” rating and issued a $45.00 price objective (up from $40.00) on shares of Hain Celestial Group in a research note on Monday, September 24th. BidaskClub downgraded Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Friday, September 21st. Finally, Wells Fargo & Co increased their price objective on Hain Celestial Group from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Thursday, August 30th.
Shares of HAIN stock traded up $0.05 during trading hours on Wednesday, hitting $25.25. 1,073,549 shares of the company’s stock were exchanged, compared to its average volume of 1,302,414. Hain Celestial Group has a fifty-two week low of $24.89 and a fifty-two week high of $44.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.49 and a quick ratio of 1.56. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 2.92 and a beta of 1.14.
Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, August 28th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Hain Celestial Group had a return on equity of 7.37% and a net margin of 0.35%. The firm had revenue of $619.60 million during the quarter, compared to the consensus estimate of $629.25 million. During the same period in the prior year, the company earned $0.41 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. Analysts anticipate that Hain Celestial Group will post 1.24 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the business. Global X Management Co LLC grew its holdings in Hain Celestial Group by 113.7% in the 2nd quarter. Global X Management Co LLC now owns 4,937 shares of the company’s stock valued at $147,000 after buying an additional 2,627 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Hain Celestial Group in the 2nd quarter valued at $194,000. Mercer Capital Advisers Inc. grew its holdings in Hain Celestial Group by 119.7% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 7,250 shares of the company’s stock valued at $216,000 after buying an additional 3,950 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in Hain Celestial Group in the 2nd quarter valued at $218,000. Finally, HPM Partners LLC purchased a new stake in Hain Celestial Group in the 2nd quarter valued at $241,000. Institutional investors own 92.47% of the company’s stock.
Hain Celestial Group Company Profile
The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.
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